After Stan Lee filed the complaint in May in Los Angeles County Superior Court against POW! Entertainment, claiming the company and two of its officers conspired to steal his identity, name and likeness in a “nefarious scheme” involving a “sham” sale to a Chinese company.
A few months later, Stan Lee has dismissed his $1 billion lawsuit against POW! Entertainment for fraud and conversion. Lee stated,
“The whole thing has been confusing to everyone, including myself and the fans, but I am now happy to be surrounded by those who want the best for me,
“I am thrilled to put the lawsuit behind me, get back to business with my friends and colleagues at POW! and launch the next wave of amazing characters and stories!”
POW! CEO Shane Duffy also commented and stated,
“We are ecstatic that this ill-founded lawsuit has been dismissed and we look forward to working with Stan again to develop and produce the great projects that were put on hold when the lawsuit was filed. We recently got together with Stan to discuss our path forward and we and [parent company] Camsing are pleased with his overwhelmingly enthusiastic reaction.”
